Bank of England Figures

01 May 2019

Richard Pike, Phoebus Software sales and marketing director, says “The Bank of England figures this morning show quite a mixed picture when you look at the increase in overall mortgage lending, but the fall in approvals in the month. 

When you consider the recent HMRC report, which shows property transactions falling, these latest figures bear out predictions that as we approached the Brexit deadline people were becoming more cautious. 

“However, as fed up as everyone is, with all that is being thrown them from the political arena, the time will come when caution is simply thrown to the wind and personal needs will overtake.  Then we’ll see how well the housing market copes with demand. That being said, it would be a very brave person that would put their hat in the ring with concrete predictions for the coming months.”

 

Media contact

Debbie Staveley
Director and Owner,
bClear Communications

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+44 (0)1275 542 511

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